Steve Capezza takes on a managerial role everywhere
“We are very happy to add Steve everywhere to our deep roster of talent, because its unique skills and long track record of success is a perfect fit to bring our growth to the next level,” Yannaccone said in a statement.
“Our industry itself is ripe with the possibility of increasing market share and expanding our end-to-end transaction platform to better serve both agents and consumers. Steve will play a crucial role in shaping and implementing our strategy to solidify and strengthen our place as the leading player in real estate today.”
In the new role, Capezza will focus on “growing the everywhere platform through strategic acquisitions and mergers outside its existing organization, including opportunities on behalf of brokerage, title and transaction services within everywhere,” the company explained.
“Everywhere has a scale and shape that is unparalleled in the real estate sector,” said Capezza in a statement. “That offers enormous benefits for his network of agents and franchisees, and it is clear that others in the industry want to replicate his model through their own expansion efforts.”
During the most recent profit call from everywhere with investors and analysts, CEO Ryan Schneider said that in the field of mergers and everywhere is ‘open to business’ everywhere.
“We always look at some things there and I still think that consolidation in the industry is inevitable. To be honest, this entire industry can streamline more with all the margin,” Schneider said. “We still see more companies that want to sell in brokerage, title, mortgage and proptech, but there is still a pretty big gap between the bid and the question. And that is partly why I think there have been fewer deals this year.
“We helped our franchisees in closing a number of mergers and acquisitions in the first quarter, but there is a real chance. We look at it and spend more time as a leadership team, but bridging the bid is a bit of a challenge. But it is a great place to make our efforts there and we think there are some opportunities.”
Capezza recently served as president of the broker’s side of the broker of De Witte Label. Before thatHe held various leadership roles Zillow And Trulia.
